Do married couples who file jointly get taxed less or more?
Compared to when they file married but separately?
- STEVEN FLv 74 months agoFavourite answer
YES. Their net taxes are more OR less if they file separately. As a rule, filing jointly NORMALLY results in a lower overall tax liability. In practice, the only way to know for certain is to file out the forms both ways and compare the results.
- 4 months ago
Yes, you are taxed more if you file separatelySource(s): tax course
- David 14Lv 74 months ago
All things being equal a joint return pays less taxes. Married filing separate is rarely a good idea.
- Beverly SLv 74 months ago
You are almost always better off to file jointly.
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- Coffee DrinkerLv 74 months ago
Most married couples do best filing jointly.
In a few unique circumstances they can do better or about the same by filing separately.
- JudyLv 74 months ago
Filing separately, you might pay more, often is the same. You won't pay less total.
- StephenWeinsteinLv 74 months ago
Usually less, but not always.
- ShayLv 74 months ago
Every situation is unique and different with many variables to consider.
In MOST cases, it is better to file jointly.
A person or couples tax liability is based on their total taxable income after all allowed deductions have been applied. The standard deduction for "married, filing jointly" is exactly 2 x the amount that a single person gets. A married couple gets a standard deduction of $24,400 while a single person or a person filing "married, filing separately" gets $12,200 for their standard deduction.
If a married couple wants to try to itemize their deductions to get a bigger tax break, but they also want to file separately, then they BOTH must itemize their deductions or one of them takes no deductions on their income. This makes all income taxable for one of the couple. In this case, filing separately probably doesn't gain anything at all. (also, they can't use the same deductions. If one of them uses their mortgage interest as a deduction, then the other one can't.)
When married couples file separately, certain tax credits are not allowed. For example, if a couple's income together is too high to qualify for the earned income credit - they can't file separately and then claim that credit. So, earned income credit is not allowed when filing separately to avoid households trying to claim this credit when their total household income actually doesn't qualify them for it.
When income goes high enough, it moves the taxable income into a higher tax bracket. If a couple's joint income is high enough to move them into another tax bracket, but filing separately keeps them out of that tax bracket, then it might be better to file separately.
If one spouse has back child support or has other defaulted payments being taken from their tax returns, then it might be better to file separately or at least file with the injured spouse form.
When unsure of the outcome, using a tax website and entering all the information both ways would show the difference it would make between filing joint or filing separately. If one spouse has low or no income, it is almost always better to file joint.
- Wayne ZLv 74 months ago
It depends on multiple factors the the couple's specific situation.
- megalomaniacLv 74 months ago
It depends on their income situation and tax dodges. Sometimes it is more beneficial to file jointly and sometimes it is more beneficial to file separately. The advantage to being married is that they get the option. Yes, society favors married couples in a great many ways, including but not limited to how they file taxes.